They posted some extra expenses. I suspect these were due to the pending BIS upgrade. This should pay off handsomely fairly quickly.

I also suspect thier device sales were a bit off because people (like ME!) are holding off on getting a new BlackBerry in anticipation of the new devices that will start to come out in August. With two Bold models, the Clamshell model, and the Touchscreen model, I would guess device sales will climb right back up in the next 2 quaters.

As for the iPhone 3G, although the release of the iPhone last year did nothing but BOOST BlackBerry sales (after disappointed buyers switched to BlackBerry), I do think this model will cut into BlackBerry sales a bit. It may cut RIM's market share by as much as 10%, but I would be surprised if it gets over 5%. That still means RIM would hold %33 to %38 of the WORLD Smartphone sales.

They posted some extra expenses. I suspect these were due to the pending BIS upgrade. This should pay off handsomely fairly quickly.

I also suspect thier device sales were a bit off because people (like ME!) are holding off on getting a new BlackBerry in anticipation of the new devices that will start to come out in August. With two Bold models, the Clamshell model, and the Touchscreen model, I would guess device sales will climb right back up in the next 2 quaters.

As for the iPhone 3G, although the release of the iPhone last year did nothing but BOOST BlackBerry sales (after disappointed buyers switched to BlackBerry), I do think this model will cut into BlackBerry sales a bit. It may cut RIM's market share by as much as 10%, but I would be surprised if it gets over 5%. That still means RIM would hold %33 to %38 of the WORLD Smartphone sales.

IMHO it's a GOOD DAY to BUY.

Any one willing to front me the CASH???!!!

RIM's market share worldwide is actually less than 30% now. Apple is in third, maybe fourth depending on Nokia/SE percentages. In the US RIM has 40% percent and that market share has been growing in the last few months, while Apple has lost ground. Will the iPhone 2 sell very well? absolutely. I am sure it will sell millions of units. But i am still betting that RIM will have a better second half of the calendar year than apple. the 9000, 9100, and 9500 all launching.

RIM's market share worldwide is actually less than 30% now. Apple is in third, maybe fourth depending on Nokia/SE percentages. In the US RIM has 40% percent and that market share has been growing in the last few months, while Apple has lost ground. Will the iPhone 2 sell very well? absolutely. I am sure it will sell millions of units. But i am still betting that RIM will have a better second half of the calendar year than apple. the 9000, 9100, and 9500 all launching.

These dips (and on the other side, run-ups) are almost always knee-jerk reactions and overdone. They're nerve wracking but ultimately healthy for the stock. The weak holders panic and dump, giving those with some insight a cheap buying opportunity. The stock will come back, probably even make new highs, in a month or less. New products hitting the street are always a boost, and they're just too strong a company to flounder. Great product, strong vision of where they're going, and no sub-prime exposure.

This is typical. While not in the same league, it reminds me of what happened to Gamestop. In May, they announced a 151% increase in profit on a 42% increase in sales compared to the year before quarter. Their stock dropped almost 4%.

I am waiting till Monday and buying another 100+ shares. I have no doubt where RIM stock will go from here! RIMM has also had a record 1st quarter. This is not Apple we are talking about but RIMM. I have owned it when I only paid 25.32 per share!